The housing market in 46032 Carmel, IN is a strong one. The median value of a house in this area is $459,000, which is significantly higher than the US median value of $338,100. The 1 year appreciation rate for houses in this area is also 13.98%, higher than the national average of 8.27%. This means that home values are increasing faster in 46032 Carmel, IN than they are nationwide and suggests that this is an attractive place to invest in real estate.
The median home cost in Carmel (zip 46032) is $459,000. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Carmel (zip 46032) is up 18.4%.
Average Age of Homes
- The median age of Carmel (zip 46032) real estate is 23 years old
The Rental Market in Carmel (zip 46032)
- Renters make up 29.7% of the Carmel (zip 46032) population
- 3.7% of houses and apartments in Carmel (zip 46032), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.